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Business Loan for Construction

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Avail up to ₹1 Cr starting at 13%

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HDFC BankHDFC Bank
Processing Time7 - 10 Days
Interest Rate13% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
IDFC First BankIDFC First Bank
Processing Time7 - 10 Days
Interest Rate14% onwards
Processing FeesUpto 3%
Max. Loan Amount₹1 Crore
Bajaj FinservBajaj Finserv
Processing Time3 - 6 Days
Interest Rate19% onwards
Processing FeesUpto 2%
Max. Loan Amount₹75 Lakh
Aditya Birla Capital LimitedAditya Birla Capital Limited
Processing Time1 - 2 Days
Interest Rate21% onwards
Processing FeesUpto 2%
Max. Loan Amount₹50 Lakh
Tata CapitalTata Capital
Processing Time3 - 6 Days
Interest Rate19% onwards
Processing FeesUpto 2%
Max. Loan Amount₹75 Lakh
LnT FinanceLnT Finance
Processing Time3 - 6 Days
Interest Rate17% onwards
Processing FeesUpto 2%
Max. Loan Amount₹75 Lakh
FlexiLoansFlexiLoans
Processing Time3 - 6 Days
Interest Rate18% onwards
Processing FeesUpto 2%
Max. Loan Amount₹25 Lakh

Features of Business Loan for Construction

  • Tailor made for seamless execution of construction projects.
  • Competitive interest rates.
  • Flexible repayment tenure of up to 5 years.
  • Loan amount offered based on the construction cost and project viability.
  • Hassle-free processing with minimal documentation.

Latest Business Loan Interest Rates by Top Lenders

Lenders Interest Rate (% p.a.)
Axis Bank 16.25% onwards
Bajaj Finserv 14.00% - 23.00%
Flexiloans 12.00% onwards
HDFC Bank 10.75% - 22.50%
IDFC FIRST Bank 12.99% onwards
Indifi Capital 18.00% onwards
Kotak Mahindra Bank 9.50% - 30.50%
LendingKart 17.25% onwards
Muthoot Fincorp 15.00% - 36.00%
Shriram Finance 10.00% onwards
Tata Capital 12.00% onwards
YES Bank 17.25% onwards

Business Loan Eligibility Criteria for Construction

The business loan eligibility criteria for construction is mentioned below:

  • The minimum age of the applicant at the time of loan application should be 21 years and the maximum age at the time of loan maturity should be 65 years.
  • Minimum annual income of the applicant should be Rs. 1 lakh.
  • Applicant should have a business vintage of atleast 3 years.
  • The business should have been profitable for atleast 1 year.
  • Applicants having a credit score of 700 and above usually have higher chances of getting their business loans approved.

Business Loan Documents Required for Construction

Below-mentioned are the business loan documents required for construction:

  • ID proof/Address proof - Aadhar card, voter ID, driving license, passport, PAN card, utility bills
  • Age proof - Birth certificate, PAN card, Aadhar card, passport
  • Income proof - Latest ITR, P&L account statement for past 2 years, latest GST returns, bank statement for last 6 months
  • Business proof - Company’s PAN, proof of business address, proof of business continuity, certified copy of MOA, AOA and board resolution.

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Flexible Tenure of Up to 4 years

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FAQs

Can construction loan be used for commercial projects?

Yes, construction loan can be used for both residential and commercial projects.

What is the loan tenure offered for construction loans?

The loan tenure offered for construction loan is usually 5 years depending on the timeline of the project.

On what factors does the interest rates of construction finance depend?

The interest rates of construction finance depends on the creditworthiness of the applicant, tenure, market conditions, project risk, etc.

How can business loan help in construction projects?

Business loan helps in construction projects to fund the under-construction residential or commercial properties, making payments to contractors and labour, obtain permit and licenses, acquire plot and raw materials, etc.

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What our customers say

Business loan complex hotta h

Business loan thoda complex lagta h muhje, lekin Paisabazaar pe team ne sab steps simple bana diya muhje ache se support kiya. Thank you.

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Meher SinghJan 22, 2026

Hassle-free Business Loan

I would like to take a moment to sincerely appreciate Rohit Kumar\'s (EW25946) continuous support and clear communication. Your timely responses, cooperation, and willingness to help have made a significant difference and contributed greatly to smooth coordination and successful outcomes. Your professionalism and positive approach are truly commendable, and it has been a pleasure working with you. Thank you for your dedication and for maintaining such effective communication throughout.

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MD Gausar AlamJan 20, 2026

Business loan liya tha, interest acha mila

Muhje darr tha ki interest rate kahi lenders jda na charge krle, phir paisabazaar pe sahi interest rate milla. Mera credit profile dekh ke or bhi bht saare factors consider karke interest rate milla.

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Mohit DasJan 15, 2026

Uncle ne bataya tha Paisabazaar ke baare mai

Mai online loans ke baare mai jada nhi janta, mere chacha ne bataya tha ki Paisabazaar se loan acha milta hai. Try kiya or asli mai bohot acha experience tha.

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Raju RastogiJan 14, 2026

Boutique ke liye small loan liya tha

Boutique ke liye small loan liya tha. Small entrepreneurs ke liye bht important hota hai sahi jagah se loan lena. Paiabazaar ki team bohot helpful hai.

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Vanni KumariJan 13, 2026

Loan approval ke chances dikhate h

Paisabazaar se business loan lo toh pata rehta h ki kaha loan approval ke chances jada hai. Isse thoda tension kam jata h rejection ka. Acha feature hai.

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Sobhit GuptaJan 5, 2026

Advisors bohot ache the

Business loan thoda confusing hota h. Advisors ne sahi guide kiya. Thanks you.

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Prakash MishraJan 4, 2026

Trusting platform

I take business loan from Paisabazaar two months before. very nice experience. No jhamela, only good work done. Thank you

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Priya ShawDec 30, 2025

Chote business ke liye bhi loan mila

Chote businesses ko loan milne mai dikkat hoti hai lekin yaha mil gaya. Thank you for helping small business also. Good job keep it up.

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Rupesh SharmaDec 29, 2025

Quick and easy steps

Business loan apply karne se pehle yeh sochke dar lagta tha ki bohot mehnat lagegi. Lekin mai toh surprise hi hogayi Paisabazaar ka simple or easy steps dekh ke. Itna smooth process tha ki bikul hi samjh nhi aaya kab loan approve hua or kab account mai paise agaye.

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Ishita SinghDec 28, 2025
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